Samsung Securities has sold out the initial batch of its second offering of the National Participation National Growth Fund and will begin additional sales.
Starting October 13, Samsung Securities announced it will sell an additional 14.7 billion won worth of the National Participation National Growth Fund. This follows the complete sellout of the initial batch of the second offering on October 8. The continued interest from investors is evident as both the first and second offerings have seen their initial batches sold out.
The National Participation National Growth Fund is designed to provide tax benefits for long-term investors. Investors who hold the fund for more than three years through a dedicated account can receive income tax deductions of up to 40% on their investment amount, along with benefits from separate taxation on dividend income. The tax advantages associated with long-term holding are a key feature of this product.
However, this fund is a closed-end public offering with a five-year maturity, meaning early redemption before maturity is not possible. Investors need to carefully consider their funding plans and investment duration before deciding to participate. The second offering will run until October 15.
A representative from Samsung Securities stated, "The complete sellout of the initial batch in both the first and second offerings confirms strong customer interest. We will strive to provide opportunities for interested investors with the additional 14.7 billion won available for sale."
* This article has been translated by AI.
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